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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (18000)	8/11/2004 4:56:44 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95656

Merrill Lynch & Co., Inc. (AMAT) JagNotes <<11 August 2004, 05:47am ET AMAT: Reit 2-9 - Applied Materials is scheduled to report F3Q04 (July) results on Tuesday, August 17, after the close. A conference call will be held that afternoon at 4:30pm EST. We believe AMAT could find good support at just over 2.5x book value or around $12-13, while its appreciation potential could be at a slight premium to the group at around 16x, suggesting around $20. With a current stock price at $16.90 this suggests the risk:reward profile is around 1:1 thus we maintain our neutral rating.>>